ConocoPhillips (COP) vs Marathon Petroleum Corporation (MPC)
A side-by-side comparison of ConocoPhillips and Marathon Petroleum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
COP
ConocoPhillips
$114.10EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
MPC
Marathon Petroleum Corporation
$306.05EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — COP vs MPC
growth of $100 · dividends reinvested · last 15yCOP +243.0%MPC +2323.9%MPC compounded faster
Log scale — wide-divergence pair
COP MPC
COP vs MPC: by the numbers
- •COP is the larger company ($139.01B vs $89.35B market cap).
- •COP trades at the lower trailing earnings multiple (19.66 vs 20.38 P/E), one valuation lens rather than an overall verdict.
- •COP converts more revenue to profit (12.56% vs 3.41% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 14.07% CAGR).
- •COP pays the higher dividend yield (2.86% vs 1.25%).
Metrics side by side
Valuation
| Metric | COP | MPC |
|---|---|---|
| P/E ratio | 19.66 | 20.38 |
| Forward P/E | 12.11 | 7.86 |
| P/S ratio | 2.43 | 0.68 |
| P/B ratio | 2.19 | 5.50 |
| PEG ratio | N/A | 0.39 |
| EV / EBITDA | 7.09 | 12.33 |
| FCF yield | 10.87% | 6.19% |
Profitability
| Metric | COP | MPC |
|---|---|---|
| Gross margin | 29.18% | 8.80% |
| Operating margin | 18.28% | 5.02% |
| Net margin | 12.56% | 3.41% |
| ROE | 11.34% | 27.65% |
| ROIC | 6.54% | 7.03% |
Dividends
| Metric | COP | MPC |
|---|---|---|
| Dividend yield | 2.86% | 1.25% |
| Payout ratio | 51.89% | 29.46% |
Growth (annualized)
| Metric | COP | MPC |
|---|---|---|
| Revenue CAGR (5Y) | 20.71% | 14.07% |
| EPS CAGR (5Y) | N/A | 22.12% |
| FCF CAGR (5Y) | 97.59% | 30.60% |
| Total return CAGR (5Y) | 19.25% | 44.51% |
Frequently asked
- Which has the lower trailing P/E, COP or MPC?
- COP has the lower trailing P/E: COP trades at 19.66 and MPC at 20.38. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, COP or MPC?
- Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus MPC at 14.07%.
- Does COP or MPC pay a bigger dividend?
- COP yields 2.86% and MPC yields 1.25% based on trailing dividends and the latest price.
- Is COP or MPC more profitable?
- COP runs the higher net margin — COP at 12.56% versus MPC at 3.41%.
- How have COP and MPC total returns compared?
- Over the past 10 years, COP delivered 14.52% and MPC delivered 27.10% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioMarathon Petroleum P/E ratioConocoPhillips dividend yieldMarathon Petroleum dividend yieldConocoPhillips ROEMarathon Petroleum ROEConocoPhillips operating marginMarathon Petroleum operating marginConocoPhillips revenue growthMarathon Petroleum revenue growthConocoPhillips free cash flowMarathon Petroleum free cash flow
ConocoPhillips & Marathon Petroleum appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.